Current Affairs

GK MCQs Section
Q. Consider the following statements:
  1. The share of the Primary Agricultural Credit Societies (PACS) in the delivery of rural credit is falling.
  2. Primary Agricultural Credit Societies (PACS) cannot borrow from Commercial Banks.
Which of the above statements is / are correct?
Answer: Both 1 and 2 are correct
Notes: The share of PACS in rural credit distribution has been decreasing, mainly due to the growth of regional rural banks and microfinance institutions. Additionally, PACS do not have direct access to borrow from commercial banks; they depend on Central Cooperative Banks for funds. Therefore, both statements 1 and 2 are correct based on recent data and structure.
Question Source: 📚This question has been sourced from GKToday's Target UPSC Prelims for 2026, 2027 & 2028 App Exclusive Course in GKToday Android Application which provides more than 12K Topicwise UPSC Prelims General Studies questions with explanations framed on UPSC pattern. Download the app here.
📌 Question Number: 19 in 61: Agriculture and Allied Sectors in the above course in App.